COMMERCIAL

Evening Star, Issue 24294, 8 September 1942, Page 4

COMMERCIAL

PROPERTY SALE. Alex. Harris Limited report having sold by auction yesterday, on the premises. No. 15 Royal Crescent, Musselburgh, on account of the District Public Trustee in the estate of Charles Stevenson, deceased, a sevenroomed residence, with brick garage, an area of 33.9 poles. After spirited competition, the property was knocked down to a client for £1,085. SHARE MARKET. There were no changes in the values of New Zealand Government Stocks on ’Change this morning. In banking, New Zealand were quoted at 39s 3d-40s. National of Australasia were wanted at £ll. In insurance there were inquiries for National at 19s 9d, South British at 61s 3d, and Standard at 61s, but no sellers appeared. In shipping, following a reported sale at 33s 3d, P. and O. deferred stock was still wanted at 325. There were no changes in moat preserving. In loan and agency, National Mortgage (A) were quoted at 38s buyer, 39s seller, and the B issue was sought at 225. In gas, coal and oil, Taranaki were on oner at 5s 6d. There were only a few inquiries foxlocal woollen mills at recent rates. In the miscellaneous section buyers predominated, with values practically unchanged. -the quotation for Regent Theatre was 16s buyer 19s seller. In Australian mining, two sales were reported in Mount Lyell at 26s 7W, and 26s 9d, after which a buyer offered 26s 6d, with the seller 6d away. There was a reported sale of North Broken Hill at 44s 6d, with this issue still on otter at 45S ' REPORTED SALES. —Late Monday.— Mount Lyell, 26s 7id and 26s 9d. North Broken Hill, 44s 6d. —This Morning.— P. and O. deferred stock, 33s 3d. MINING. nt-nritn Dredge.—A wash-up of 240 z sdwt of gold is reported as the result of 84 hours' Gold Dredges.-The return the week ended September 5 was 1530 z fu 65.500 yards. NEW ZEALAND DRUG CO. At a meeting of the board of directors of Messrs Kempthorne, Prosser and Co. s New Zealand Drug Company Ltd., held yesterday afternoon, an interim dividend ot 5i per cent, for the half-year ended July 31 was declared. STANDARD INSURANCE CO. At the annual meeting of the Standard Insurance Co. Mr Hugh T. Speight and Mr W E. C. Reid were re-elected directors. Messrs Burton and Patterson were reappointed auditors. . _ A vote of thanks to directors and staff was carried. SALES ON ’CHANGE: THIS DAY, ‘ Auckland.— Morning call: Commercial Bank of Australia, 14s 9d; Bank of New Zealand', 39s 6d (2); South British Insurance. 62s 9d; New Zealand Breweries, 33s 9d; Consolidated Brick, 7s; M.K. Manufactures, 5s 6d; North Broken Hill, 44s 6d. Noon call: limes Brewery, 21s 6d; Woolworths (New Zealand), 14s 9d; Woolworths Properties, 24s 6d; Rural Bonds (1947), 4 per cent., £105; Stock (1956-59), 3i per cent. £lOl ss. Wellington.—Reported yesterday; 4 per cent. Inscribed Stock (1952-55), £107; South British Insurance, £3 2s 6d and £3 2s 9d; Woolworths (N.Z., ord.), 14s 9d. Sales today: 4 per cent. Stock (1949-52), £106; Commercial Bank of Australia, 14s 9d; New Zealand Insurance, £3 11s 3d; Mac Duffs Ltd. (pref., cum), 17s 9d; Broken Hill Proprietary, £1 19s; M.K. Manufactures, 5s 6d; Taranaki Oilfields, ss. Christchurch. —Woolworths (N.Z.), 14s 10d. Sales reported; Bank of Adelaide (late yesterday), £5 4s; N.Z. Breweries (late yesterday), 33s Bd.